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Sri Lanka cancels tax breaks given to new casinos

EconomyNext – Sri Lanka’s new government has decided to withdraw tax concessions given to three new casino projects, Prime Minister Ranil Wickramasinghe told parliament Thursday.

The projects are by Queensbury Leisure Ltd, Lake Leisure Holdings (Private) Limited and
Waterfront Properties Ltd., a project by John Keells Holdings.

Only the tax breaks for casinos will be withdrawn, Wickramasinghe said.

"They can carry on all their other activities and get the tax concessions for them," he said.